Welcome to our Koinly tax report app review 2021. Koinly is the absolute best crypto tax software for US, Canada and UK.
Koinly will automate your crypto tax report work and automatically create a tax file for you.
However, you should be aware of how crypto trading, earning, income and gains are taxed which you can read more about in our linked article.
In addition, we have a general 4 step guide applicable for any automated crypto tax software.
Koinly is an online crypto tax report app that allows you to monitor all your crypto activities and automatically generate regulatory compliant tax reports.
Koinly allows you to integrate your wallets and keep track of all your cryptocurrency activities. In addition Koinly can separate taxable events from non taxable events including transferring, trading, mining, staking, lending, and airdrops and simplifies the process of recording all the ins and outs.
Koinly can be used to automatically import transactions, and monitors all market prices, wallet transfers, calculates your crypto gains/losses, and generates tax reports.
Some bullet points about Koinly
Koinly supports tax reporting for many countries. Always make sure your country is supported before you purchase any tax reporting plan.
Koinly support all countries that use Average Cost, FIFO, LIFO, HIFO etc for calculating gains. Koinly also offer specialized tax reports for countries like USA, Canada, Australia, UK, Germany, Norway, Denmark & Sweden. These are specified in the bullet list below.
Koinly can also generate a number of localized tax reports for different countries such as:
Koinly supports import from a wide range of popular crypto exchanges, wallets and even blockchains. In total, this allows you to keep track of your activities on over 6,000 different blockchains, 350 exchanges, and 75 wallets.
In the screenshot below, you can see a selection of some of the most popular crypto services supported and integrated by Koinly 2021.
Koinly has four different price plans in 2021 and you can review what is included in the imge below.
The price plans are
If you exceed the limits of our top plan then you can purchase additional transactions in the app. Koinly has been used to calculate gains for algorithmic traders with well over 500k transactions
Yes, if you find that you are over the transaction limits for your plan you can upgrade by paying the difference
Koinly accepts both cryptocurrency (BTC, ETH, DAI, USDC) and credit/debit card payments.
+ Multi Country Support – Koinly is available in over 20 countries across Europe, Asia, Oceania, and the Americas. Also, Koinly supports some localized tax reports
+ Support for many exchanges, wallets and blockchainsExtensive Service Integration – Koinly integrates with over 6,000 blockchains, 350 exchanges and 75 wallets.
+ Easy Data Import – Koinly allows you to import key data via API key or manually by a CSV file.
+ Free Account – The platform can be used for free to track up to 10,000 transactions.
+ Koinly blog, accountant help and tax guides – Koinly provides many additional service like a Crypto Tax Calculator, Regional Tax Guides, a Tax Accountant list, and a Blog to keep its users up to date.
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